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Sun Pharma gains on US launch of Leqselvi, analysts see strong upside

Sun Pharma gains on US launch of Leqselvi, analysts see strong upside

Sun Pharma rises 2.7% as it launches Leqselvi in US following settlement with Incyte, with analysts projecting $200-300 million revenue from the drug in 3-5 years
Ram Prasad Sahu
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India's largest drug maker, Sun Pharmaceutical Industries (Sun), gained 2.7 per cent on Tuesday and was the highest gainer among Sensex stocks. The gains followed the company's settlement and licence agreement with Incyte Corporation regarding litigation over its hair-loss drug, Leqselvi (Deuruxolitinib). Sun has now launched the specialty product in the US market.
The settlement grants Sun a limited, non-exclusive licence to US patents covering the drug for non-oncology indications. This includes alopecia areata, an auto-immune disease that causes hair loss.
While financial terms have not been disclosed, Sun will make an upfront payment and ongoing royalties to Incyte in
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Stock markets fall for second day; Sensex tanks 721 points
Stock markets fall for second day; Sensex tanks 721 points

The Hindu

time26 minutes ago

  • The Hindu

Stock markets fall for second day; Sensex tanks 721 points

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Sensex drops 732 points; investors lose ₹6.5 lakh crore in a day— 10 key highlights from the Indian stock market today
Sensex drops 732 points; investors lose ₹6.5 lakh crore in a day— 10 key highlights from the Indian stock market today

Mint

time28 minutes ago

  • Mint

Sensex drops 732 points; investors lose ₹6.5 lakh crore in a day— 10 key highlights from the Indian stock market today

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Sensex set to hit 115,836 by FY28 on earnings momentum: Ventura
Sensex set to hit 115,836 by FY28 on earnings momentum: Ventura

Time of India

time40 minutes ago

  • Time of India

Sensex set to hit 115,836 by FY28 on earnings momentum: Ventura

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